What Account Types and Fees Does Mensa Finance Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Silver Account |
Beginner Traders |
Average spreads, commission-free trading |
Suitable for small-capital practice |
| Gold Account |
Intermediate Traders |
Low spreads, commission-free trading |
Requires higher minimum deposit than Silver |
| Platinum Account |
Experienced Traders |
Very low spreads, commission-free trading |
Offers additional educational resources |
| Diamond Account |
Professional Traders |
Ultra-low spreads, commission-free trading |
Provides advanced trading tools and education |
Account Opening Process
To open an account with Mensa Finance, prospective traders will need to follow several steps. First, they must submit personal information, including their full name, email address, and password. Next, employment and financial details may be requested to establish the account profile. Identity verification is also required, which includes providing an ID and proof of address. After completing these steps, users can log in to their accounts and may have the flexibility to upgrade to a professional account later if desired.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (Major Pairs) |
Varies |
$0 |
Commission-free trading |
| Forex (Minor Pairs) |
Varies |
$0 |
Commission-free trading |
| CFDs (Indices) |
Varies |
$0 |
Commission-free trading |
| CFDs (Commodities) |
Varies |
$0 |
Commission-free trading |
| Cryptocurrencies |
Varies |
$0 |
Commission-free trading |
Other Fees
Traders should be aware of non-trading fees that may apply when using Mensa Finance. This includes potential deposit and withdrawal fees depending on the payment method used. Additionally, inactivity fees may be applied if accounts are dormant for extended periods. Other charges could include platform usage fees, overnight interest (swap rates) for holding positions overnight, and currency conversion fees when trading in different currencies. It’s important for traders to review these potential costs to fully understand their overall trading expenses.
